Bank of America almost #1

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Bank of America Corp. is on the verge of achieving a goal it has obsessively pursued for nearly 25 years: transforming the once-tiny Charlotte, N.C., bank into a national bank with enough reach to poke its finger in the eye of every competitor in New York.

Fueled by more than 70 takeovers and a relentlessly aggressive strategy that has roiled the once-genteel banking industry, Bank of America is within striking distance of overtaking Citigroup Inc. as the world's largest bank by market value, an important yardstick for investors. As of yesterday, Citigroup was valued at $235.19 billion, only 1% higher ...